The nation’s equity market opened a weak bullish run, appreciating by N132 billion as gains in the shares of Geregu.power, FBNHoldings, Flour Mills Nigeria,United Bank for Africa, Vitafoam Nigeria boosted market activities.
Market Capitalisation of listed equities appreciated by 0.24 per cent to N56.133 trillion from N56.001 trillion reported the previous day.
The NGX All Share Index also appreciated by 229.02 basis points to 97685.64 points from 97456.62 points it closed on Friday.
An analysis of the investment shows that Flour Mills Nigeria Plc and FBNHoldings led gainers table with 10 per cent to close at N59.95 and N31.90 per share respectively.
Vitafoam Nigeria Plc followed with a gain of 9.94 per cent to close at N19.90 per unit, Caverton Business Solutions gained 9.84 per cent to close at N2.79 per unit while HoneyWell Flour increased by 9.83 per cent to close at N4.92 per unit.
On the contrary, Eterna topped losers chart, dropping by 10 per cent to close at N27.90 per share, Oando PC trailed with a loss of 9.94 per cent to close at N80.20 per unit, Abby Building Society fell by 9.88 per cent to close at N2.28 per share, Tantalizer dipped by 9.86 per cent to close at N0.64 per unit, Mecure declined by 9.63 per cent to close at N8.45 per share.
Volume of trades increased by 58.398 million, representing 14.14 per cent as investors traded 471.30 million shares valued at N9.40 billion in 12066 deals against 412.902 million shares costing N6.467 billion exchanged hands in 8803 deals.
Transactions in the shares Japaul Gold led market activities with 72.268 million shares valued at N178.302 million, Transnational Corporation of Nigeria followed with an account of 51.773 million shares worth N562.124 million. FBNHoldings traded 46.809 million shares cost N1.094 billion, United Bank for Africa traded 45.629 million shares cost N1.094 billion while Oando Plc exchanged 16.613 million shares valued at N1.364 billion